Monthly Archives: May 2025
“With-Profits” and its impact on consolidation – Riddaway.
This picture of Bobby Riddaway is I think 20 years old and is from the days when Bobby was an investment consultant. We met at Mallowstreet at a time when many of us were setting out. In the early years … Continue reading
People want lifetime income, let’s make it simple for them.
If you speak to most people about pensions there is only one thing in their mind, an income that takes over when they retire and provides security for the rest of their life. We have made life a lot harder … Continue reading
Pension industry in a mess – poll confirms.
The proposed Mansion House Compact II, of which a draft was reportedly circulated last month, would see DC providers commit to investing 10% of assets into unlisted equities by 2030, with half of those being devoted to the UK. The government … Continue reading
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PRA promotion of Bulk Purchase Annuity; DWP promoting pensions
This blog demonstrates the two parties promoting two quite different propositions to pay retirement income from DB pensions. In the first part of this blog I quote Charlie Finch of LCP and give access to a speech by the PRA … Continue reading
Reeves isn’t desperate. Mr Stride- Britain wants to grow!
Mel Stride is having a go at Rachel. Mel is well known to pension people. He was DWP Minister when Guy Opperman was Pension Minister and he’s stayed on to be shadow chancellor of exchequer. This is what he has … Continue reading
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Please pay a reliable pension and allow us to choose to spend or save it!
Professionally I am interested the wage feel is coming in when age changes their lives. That is why I called my company AgeWage though I have a less serious company called Pension PlayPen which considers while messing around, what can … Continue reading
Government as one with WPC on the future of DB (pt 2)
This is the second of my reviews of the Government’s response to the report below,the WPC’s authors are listed in this photo The Work and Pension Select Committee have published a report on DB pensions which is the first under … Continue reading
Interesting for trustees and super trustees; WPC and Govt agree (pt 3)
This is the third of my reviews of the Government’s response to the report below. I’ve got as far as recommendation 10 without finding one which bored me but here (later in the response) I find some of the … Continue reading
WPC “DB Report” picked up by Govt with shared view (pt 1)
The Work and Pension Select Committee have published a report on DB pensions which is the first under a Labour Government. Here it is to read and here is the link. There is plenty in the Pension Minister’s foreword that … Continue reading
Companies need open banking – not LGPS – to offer staff pensions.
Those who read this blog may be supplemented this weekend by people who enjoy fire and brimstone for here is Jnamdoc opening his heart on the need for a pension system that provides pensions to everyone. This is a comment … Continue reading